Perhaps one of the simplest answers regarding Bitcoin’s value is that it’s “worth what somebody will pay for it,” as stated by billionaire Mark Cuban in 2019. A number of other components factor into the equation, however, making BTC unique over its competition. Although, Bitcoin is still young when compared to assets such as gold and stocks, so it must continue proving itself and gaining traction. The asset’s failure is still possible and is also prone to volatility.
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Source: Cryptocurrency - investing.com
